Cattle Current Podcast—Oct. 28, 2022

Negotiated cash fed cattle trade was slow on light demand through Thursday afternoon, according to the Agricultural Marketing Service.

Live prices were $2 higher in the Southern Plains at $150/cwt.

Although too few to trend, there were some early live sales at $152 in Nebraska and $151-$152 in the western Corn Belt; early dressed sales at $240 in Nebraska and $236 in the western Corn Belt.

Last week, live sales were $150-$152 in Nebraska and $150 in the western Corn Belt. Dressed prices were $236 in Nebraska and $232-236 in the western Corn Belt.

Choice Boxed beef cutout value was $1.63 higher Thursday afternoon at $262.49/cwt. Select was $3.31 higher at $231.91/cwt.

Cattle futures softened Thursday despite higher wholesale beef values and early stronger cash fed cattle prices.

Feeder Cattle futures closed an average of 50¢ lower (5¢ to 17¢ lower).

Live Cattle futures closed an average of 23¢ lower.

Corn futures closed mostly 1¢ to 2¢ lower.

Soybean futures closed mostly 1¢ to 2¢ lower, except for fractionally higher in the front contracts.